Featured News
Stay on top of the latest business news from across Asia. Here we bring you a selection of the latest articles on economic, regulatory, tax, HR, and payroll developments published on our respective regional platforms.
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China Briefing
Asia Transfer Pricing Brief: Q1 2024
In our Asia Transfer Pricing Brief for Q1 2024, we introduce Indonesia's updated transfer pricing guidelines and highlight Singapore and Hong Kong's progress on implementing Pillar Two income inclusion rule and domestic top-up tax rule.
China’s Economy Expands 5.3% in Q1 2024
China's GDP expanded 5.3% in Q1 2024 thanks to strong manufacturing and services output, setting the country on track to reach its annual growth target.
A Guide to China’s New Company Law for Foreign Investors – New Publication Out Now
China's New Company Law has far-reaching implications for businesses. In this publication, we guide foreign investors through the changes of the New Company Law for existing and new FIEs and relevant stakeholders.
Annual CIT Reconciliation in 2024 - A Brief Guide for Companies
Companies are advised to begin tax filing procedures as soon as possible to complete CIT reconciliation before the deadline of May 31, 2024.
India Briefing
Clarifications Issued by the Indian Government on New EV Policy Implementation
The government has clarified how India's new EV Policy will work as it seeks to tie-in subsidy/benefits to local investment and domestic value addition (DVA).
Queensland and India Trade and Investment Scope: Key Growth Drivers
Queensland dominates Australia's trade with India and presents prospects for commercial partnerships and benefits under the AI-ECTA.
Why Foreign SMEs Consider Payroll Outsourcing in India
Many SME companies in India, including foreign firms, are actively outsourcing their payroll services to ease the compliance burden and focus on core business growth goals.
India's General Election Dates Announced, Polling Scheduled in Seven Phases
Polling for the 2024 Indian General Elections, the world's largest electoral exercise, is scheduled to take place from April 19 to June 6, 2024. India Briefing gives a summary of the electoral process and voter profile.
Vietnam Briefing
Vietnam’s Extended Producer Responsibility Policy: Company Recycling Obligations
Vietnam's amended Environment Protection Law (EPL) in 2022 introduced a new “extended producer responsibility” (EPR) policy which places the burden of responsibility to recycle on companies.
Vietnam-Spain Bilateral Relations: Trade and Investment
We look at the latest data on bilateral trade and investment and discuss the various tax and investment treaties signed by Spain and Vietnam.
Vietnam Advisory on Swapping of Working Days Around April 30 and May 1, 2024 Holidays
Vietnam's labor authority MOLISA has proposed a swap of workdays for the 2024 Reunification Day and International Workers' Day holiday.
Judicial Record Card in Vietnam: Guide to Obtaining a Police Clearance Check
A criminal record check certificate (Judicial Record Card) is required for foreign employees when they apply for a work permit in Vietnam.
ASEAN Briefing
Prabowo Subianto Becomes Indonesian President
On April 22, 2024, Indonesia’s General Election Commission officially declared Prabowo Subianto and Gibran Rakabuming Raka as the next president and vice president respectively.
Singapore Designates Lawrence Wong as Prime Minister, Effective May 15
Singapore’s Deputy Prime Minister Lawrence Wong will take over as Prime Minister in May from Lee Hsien Loong, who will step down after 20 years in office.
Formalized Flexible Work Arrangements to Be Introduced in Singapore from December 2024
Singapore is set to implement new guidelines requiring all employers to have a formal process in place for workers to request flexible work arrangements, starting December 2024.
Thailand Contemplates Protective Tariffs on Chinese Imports Amidst Surging Trade Deficit
The Thai government is considering imposing a VAT on Chinese goods priced less than 1,500 baht (US$40) that are routed through Thailand’s free trade zones.